BRPHF - Novogratz Envisions Bitcoin ETF Clearance In 2023 - 'It's Gonna Get Approved' | Benzinga
Galaxy Digital Holdings Ltd. (OTC: BRPHF) CEO Michael Novogratz on Wednesday exuded confidence in the approval of spot Bitcoin-exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) this year.
Reflecting on the recent legal stride by Grayscale Investments LLC, Novogratz anticipates a green light for such ETFs, marking notable progress in the realm of digital assets, a sector slated for elaborate discussions at Benzinga's Future of Digital Assets conference on Nov. 14.
"It's gonna get approved," said Novogratz during a recent conversation on CNBC, projecting a 2023 timeline for the anticipated SEC endorsement.
"We actually think it’s gonna happen in 2023," he reaffirmed.
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